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20121202
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terrorist net, would. and tomorrower south african president nelson mandela has been admitted to a military hospital. he is undergoing -- undergoing medical tests. they say there is, quote, no cause for alarm. >>> new jobs numbers are out for november. the jobless rate is dropping to 7.7%. that is the lowest rate in four years. sounds good, right? well some analysts say the number can be misleading. joining us now is kyle harrington, founder of harrington capital management. >> how are you? >> i'm well. a 7.7 unemployment rate. >> you have to look at the numbers in detail. that's my job at harrington capital. 350,000 less people computed in that number. so people that have just decided they are going to drop out of the workforce. and so those numbers can be misleading. in addition, if you look at what is called the participation rate, arthel, and you go back four years when say president obama -- or four and a half years when president obama came into office it was at the 66% participation rate. meaning 66% of people participated in the polling and now it is 63. you are seeing less people p
a millionaire after developing anti-virus software. >>> and former south african president nelson mandela is undergoing testing at a hospital. the 94-year-old hasn't made public appearances for years. >>> and a massive typhoon devastating the philippines has made a u-turn. the storm already killed nearly 600 people, and now it is threatening to mick a second land -- threatening to make a second landfall. greg? >>> president obama asking pong for tens -- asking for tens and billions of dollars. he is calling for $64 billion for hard-hit new york and nerming new jersey as well as other states. $37 billion for the victims, recovery and $13 billion in preventive measures in the event of another storm. monday marks six weeks since superstorm sandy slammed into the northeast. thousands of americans still suffering out there in the cold temperatures, and the tempers are flaring over fema's slow response and the lack of housing. >> it is the people in the area that have helped each other. forget red cross. forget all of these other agencies. it was the people that came from all over the united st
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